Universal Logistics Holdings, Inc. ULH Intermodal — Impairment Of Intangible Assets Excluding Goodwill
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Where this comes from
Reported directly by Universal Logistics Holdings, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsExcludingGoodwill.
The source filing: Universal Logistics Holdings, Inc.’s 10-K, filed March 16, 2026.
- Filed
- Mar 16, 2026, 4:15 PM EDT
- Fiscal year
- FY2025
- Accession
- 0001193125-26-108365
During the third quarter of 2025, the Company completed its annual goodwill impairment tests noting no impairment. In August 2025, the Company identified certain triggering events related to its intermodal reporting segment. In accordance with ASC 350 Intangibles—Goodwill and Other and ASC 360 Property, Plant, and Equipment, the Company evaluated certain indefinite and long lived tangible and intangible assets for impairment and concluded that an impairment was present. As a result, during the thirteen weeks ended September 27, 2025 we recognized impairment charges totaling $124.4 million which consisted of a $101.1 million of goodwill impairment charge and $23.3 million of impairment charges related to certain customer-relationship intangible assets. The valuation of the intermodal reporting unit reflected a reduced demand forecast, lower margins due to the high fixed costs associated with this segment, and a higher discount rate to reflect the company specific risk associated with this reporting unit.
ITEM 8: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
FAQ
- What is Universal Logistics Holdings, Inc.'s intermodal — impairment of intangible assets excluding goodwill?
- Universal Logistics Holdings, Inc. (ULH) reported intermodal — impairment of intangible assets excluding goodwill of $23.3M in Q3 2025.
- What does intermodal — impairment of intangible assets excluding goodwill mean?
- This metric represents the non-cash charge recognized when the carrying value of identifiable intangible assets within the intermodal segment exceeds their fair value. It reflects a reduction in the expected future economic benefits derived from specific assets such as customer relationships, trade names, or operating permits. Frequent or large impairments in this category indicate a decline in the competitive advantage or market viability of the segment's specialized logistics assets.
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